'Is the rich world aware of how four billion of the six billion live? If we were aware, we would want to help out, we'd want to get involved'. - Bill Gates
"A win-win situation for companies having an existing CSR obligation.' Nishant J. Parekh, Head- Research and Advisory Services at HelpYourNGO shares his opinion on the government's move to recognize COVID-19 relief spending as a CSR activity.
"My dream of working in an MNC came true, when I was just 18. I passed my CA Level 1 examination with distinction and seized an internship opportunity at one of the Big 4!" - Winnie Dholakia Kamdar, Director, HelpYourNGO shares the story of her crossover from the corporate to the non-profit sector in the annual issue of Compliance Connect, a publication by Centre for Advancement of Philanthropy.
Given the sums that mutual funds attract, the potential is huge for putting money into non-profits and through them promoting better development and inclusion_Test.
In the first few years, Sammaan will enlist agencies such as Dasra, HelpYourNGO, Credibility Alliance and GiveIndia to audit the projects. The Institute of Chartered Accountants of India has also agreed to sign off on CSR spending made through Sammaan.
To accomplish their 2% CSR spending, many companies may need to partner with non-profits. But since few NGOs have accreditation, organizations are finding it difficult to partner with them.